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congress, think they can write any law, regulate behavior, and change any law. stuart: we talked about the situation, and, by the way, when the market opened this morning, the dow dropped 105 points, come back a lot, now down 36. maybe, charles, liz, maybe the market thinks that the cypress story is overblown, will not affect it, maybe not affect spain or italy artery. >> maybe not, you know, but certainly for people who have been really concerned with what's going on, with a government that buys 1.2 billion bullets, hires 16,000 new irs agents, a government that's spent a trillion more than they earn than brought in, it doesn't help. the people in this country who are afraid of losing their rights and liberty, it's scary. stuart: i want debt center stage, and it's not. >> it's not. it should be. it might be likely limited, but it shows there's nothing above political meddling. what used to be taboo is your deposits are safe from taxation. stuart: the time is up, butdagen, connell it's yours. connell: thank you, sir. dagen: if you bail out those depositors, why shouldn't they have to p
. in california, it means you follow the rules and then the state changes the law, changes the rules and wants basically back taxes for five years plus interest and penalties. so here is the deal. people who invested in small businesses were given a 50% tax breaks and that was the rule and that was the law. suddenly there was an appeals court decision and now the state wanted to claw back not just going forward and change rules. that's what most states would do. instead, they go back and ask for five years of back taxes plus penalties. for some individuals, it could be over $100,000. the state wanted $120 million extra. california is short of money. that was their way to do it. finally some business guys, and this was basically for startups which california. ed to be tax friendly for silicon valley, san diego and so forth. it did not work out for some people. they said, are you kidding me? i don't have a hundred grand for the state. lawmakers in sacramento are trying to change it. they got a letter saying you have a temporary reprieve until we have the details. they may end up changing the rul
such restriction on the marketplace. it is no longer free market. businesses are finding ways to skirt the laws. they are making full-time employees part-time employees. it does not help the 15 million unemployed. dagen: when president obama said if you like your health insurance, you can keep it. people will be faced with that choice if they work for a small company and they decide to drop coverage. >> that is unfortunately not true, dagen. the fact is that prices should actually go down. insurance companies have a great incentive to actually reduce their rates. there will be more people paying. there will be a very few of us that are not insured. dagen: they cannot charge market rates for people with health conditions. they are limited to what they can charge older people. some people's premiums will go up. younger people, healthier people at small businesses. >> that should not be the case. young healthy people will have a good incentive to get into the market as opposed to paying a penalty. dagen: this is what the cbo said in the obama administration has said. if this does not come to pass,
. at we put the law on your side. melissa: as we do every 15 minutes, let's check the markets. sandra smith is on the floor of the new york stock exchange. sandra: across the board, it seems like people are definitely shopping. tiffany shares of 2.5% right now. they did report that they see a lackluster first quarter. they are talking about the first quarter that we are in. that playing out and that nike shares are hitting a 52 week high. those gross margins that investors are really chewing on. that unexpectedly move into years. nike finally doing something right. >> we were talking about those margins. sandra smith, always, thank you. the senate gearing up for a long night. which edson is in washington, d.c. what do you have for us, rich? rich: this is the first time we have seen this in years. since budgets are mostly nonbinding spending blueprints and do not have the force of law, these amendment votes are forcing democrats and republicans into political choices. they will probably fail as one budget cuts trillions in spending imbalances in ten years. the other does not. >
young for prognosis? a look at president obama's health care law a year in. lori: using smartphone to instead of credit card. we'll introduce you to the ceo of level up and changing the way you pay. melissa: and take a look at some of the winners and losers on the nasdaq here as we head out to break. we'll be right back. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyo it. siemens. answers. investor. yeah, ibut i'm a busy guy.or it used to be easier but now there are more choicethan ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the samestuff. find out why nine out of ten large professional investors choose ishares for their etfs. call 1-800-ishares for a prospectus which includes ishares by blackrock. investment objectives, risks, charges and expenses
california's demanding of some taxpayers who basically followed the law and are now being treated as outlaws. >> this notice was the first. >> to brian overstreet, a punch in the gut, compliments of california, a six figure bill for back taxes. >> it's outrageous, not just a five year look back, but interest on money that you didn't know you owed. >> overstreet and hundreds like him got a letter from the state telling him due to a court ruling, a 50% tax break for small business and startup investors was no longer available, and anyone who claimed it in the last five years had to pay up. >> retroactivity is an issue of fairness and credibility for california. >> california's tax leaders say what the state is doing is unfair, overreacting, and overreaching, hoping to claw back some $120 million for cash strapped california. >> the problem right now we have is what's the revenue identified, those folks up in sacramento will spend it already. >> probusiness lawmakers trying to resend the letter fearing high-tech investor who build the state's venture capital economy will flea to lower tax state
in this air of arch madness. >> we still have no budget from the president in violation of the law. he gets his ncaa bracket in on time, but still no budget. this is the fourth time. >> it is founded on the failed idea that giving another round of tax cuts will somehow triple down and lift up all the other boats. we know that has not worked. peter: the senate starts its votes on its budget tomorrow. i will start here before i talk about easter bunnies and march madness. connell: we do not want that, peter. we never want you to get into trouble. dagen: that does not get you into trouble with us. we go as far as talking about audio parts. right now we want to talk about funding the government. 68% of americans say it is a problem. connell: monica crowley is here with us today, as is leo kelly. interesting because of what we have seen in the stock market. today, with the market pulling back with all-time highs, it is not really about the stuff peter is reporting about. >> cyprus, his little country that no one really was paying attention to a couple weeks ago certainly has no whole world turne
and accusations of discrimination in some way? >> not all discrimination is prohibited by law. the only discrimination is the basis by which we talked about. and we know those, gender, race, age, religion, etc. but on the base of health is not prohibited by law. with this exception. the americans for disability act prohibits discriminating against someone because they have an articulable disability. a physical disability, emotional or mental disability. high blood pressure or heavyweight is not immeasurable disability. connell: not taking care of yourself is not a disability. >> correct. if you want to put another twist in this. if cvs was the justice department -- department of justice or the state of new jersey, couldn't ask for this information??3 the answer is no because the government has an enforcer and an employer is related by the fourth amendment. private corporations are not regulated by the fourth amendment so they can ask you private information about yourself which will help them manage the work more efficiently. dagen: what about paying for that? >> i would have to know mo
and reenvying rate -- reinvigorated the enforcement of the most important civil rights laws. >> thank you so much. interesting story there. >> absolutely. washington trying to trim the fast, will your mortgage deduction end up on the chopping block? >> a drop in confidence, is two months a trend for a slowly recovering housing market? >> surprised to see that on home builders confidence. all right. metals headed to break, a bump in gold prices today with the news from europe, greece in particular, and gold up, and silver's up, but copper down by a large percentage, 2.6%. we're back after a short break. we're back after a short break. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles
that their current law is unconstitutional. ashley: the legislature of massachusetts has not really done anything. the governor says, you are absolutely right, true. >> we understand they have bigger fish to fry than worry about the direct shipping of wine. we really feel like this is a simple one. it benefits the consumer. it is therefore the consumer. it is welfare for the distributors in the store. it is one of those that really works for everybody. it also generates some extra tax revenue for the state. tracy: especially wine lovers. well over 90. washington state, though, could really benefit from this as well. >> we are still relatively undiscovered. most of the wineries are like ours. selling a few bottles here and there online direct actually does make a difference for the small businesses out there. hopefully we can get this done. my neighbors and washington would love to see the benefit of direct shipping. ashley: you try to ship it and what happened? >> tommy did buy some one from us. the ten where are you in the process now? >> the legislation has already been drafted. i think it is n
their dreams. go to today and make your business dream a reality. at we put the law on your side. >> i am worn simonetti with your fox business brief. right now the dow is down 70-point. best buy founder is making a return to the retailer as chairman. he will receive an annual salary of $150,000 a year. johnson and johnson recalling more than 2 million -- the company says sales will operate profitably at high glucose readings. one report of a serious adverse event. the link had not been determined. that is the latest from the fox business network. giving you the power to prosper. ♪ cheryl: $35 billion gambling community. our next guest is still betting big on this next factor. full house resorts ceo is joining us right now. thank you for joining us. we have been digging through the numbers here. revenues in two of the four states that you currently have propers in are falling. in nevada, they did see a bounce back last year, up over 2%. in the month of january, down double digits. the biggest question is, should we be worried about the casino industry? >> we are ch
: this is ridiculous beyond words. melissa: it is part of the law. it is a contract on a bankruptcy judge can change. melissa: thank you for breaking it down for us. lori: nicole, you're watching the energy sector. nicole: i am, indeed. certainly jumping on an oil discovery so let's break it down a little bit. let's first focus on petroleum hating a new high of 3.5% right now, looking like an all-time high, but there could have been a pop somewhere. looks like it could have been an all-time high. the company is jumping on the news there was a discovery made in the gulf of mexico, one of the largest in the gulf, and it encountered more than 1000 feet of oil containing rocks, this is a big deal, and there are other partners in this well. a 30% stake in the well, conoco phillips. marathon oil has a 10% stake. all of these names are up year-to-date and are all winners today. back to you. lori: thanks. melissa: the cyber threat putting down banks in south korea. lori: at closer to today's decision from the federal reserve, a fed watcher wants to know if ben bernanke's plan is to get out of all of the sti
Search Results 0 to 11 of about 12